GFH Bank Kept at Hold as FAB Notes Q2 Earnings

05:36 AM EDT, 08/25/2026 (MT Newswires) -- FAB Securities reiterated its investment view on GFH Bank (ADX:GFH, DFM:GFH) following the company's second-quarter results. "We maintain our HOLD rating on GFH Bank with a target price of AED 2.05. GFH reported the highest quarterly net profit since 2Q19 with bottom line growing 10.8% YOY to USD 41 Mn in 2Q26, driven by stronger contributions from Wealth & Investment Management and Credit & Financing, partly offset by normalisation in Treasury & Proprietary income from the strong 2Q25 base. Wealth & Investment Management remained the key growth driver, increasing 32.5% YOY to USD 50 Mn in 2Q26, supported by continued growth in the asset management platform," analysts wrote in a Tuesday first look note. For the second quarter, the bank logged an attributable net profit of $41 million, against FAB's estimate of $92 million. Total income, meanwhile, rose 8.8% annually to $159 million, compared with the research firm's $226 million forecast. "Overall, GFH's growing Wealth & Investment Management platform, recurring fee generation, selective portfolio monetisation and disciplined capital deployment support its medium-term growth prospects, although a cautious approach to financing expansion and the normalisation of Treasury & Proprietary gains remain key factors to monitor," analysts added.